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Why Signet Jewelers Stock Fell Today

TheMotleyFool

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Signet Jewelers (NYSE: SIG), which owns brands like Kay and Jared, was losing its shine today after the company cut its guidance for the year and announced the acquisition of Blue Nile.

The stock closed down 11.6% on the news.

The guidance cut seemed like the main reason for the slide today, though the acquisition may be the bigger long-term news.

Source Fool.com

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